Canadian Stocks

This Canadian Stocks forecast is part of the By Country Package, as one of I Know First’s systematic trading tools. The full forecast includes daily predictions for a total of 20 top Canadian stocks with bullish and bearish signals:

• Top 10 Canadian stocks for the long position
• Top 10 Canadian stocks for the short position

Package Name: By Country – Canadian Stocks
Recommended Positions: Long
Forecast Length: 3 Days (06/29/2018 – 07/03/2018)
I Know First Average: 1.20%

During the 3 Days forecasted period several picks in the By Country – Canadian Stocks Package saw significant returns. The algorithm had correctly predicted 8 out 10 returns. The prediction with the highest return was ENB.TO, at 5.67%. Further notable returns came from CVE.TO and VET.TO at 3.90% and 1.60%, respectively. The By Country – Canadian Stocks package had an overall average return of 1.20%, providing investors with a premium of 1.31% over the S&P 500’s return of -0.11%.

Enbridge Inc., incorporated on December 15, 1987, is an energy transportation and distribution company. The Company is engaged in delivering energy. It operates through five segments: Liquids Pipelines, Gas Distribution, Gas Pipelines and Processing, Green Power and Transmission, and Energy Services. Liquids Pipelines consists of common carrier and contract crude oil, natural gas liquids (NGL), and refined products pipelines and terminals, in Canada and the United States, including Canadian Mainline, Lakehead Pipeline System (Lakehead System), Regional Oil Sands System, Mid-Continent and Gulf Coast, Southern Lights Pipeline, Bakken System, and Feeder Pipelines and Other. Gas Distribution consists of its natural gas utility operations, the core of which is Enbridge Gas Distribution Inc. (EGD). Green Power and Transmission consists of its investments in renewable energy assets and transmission facilities. Renewable energy assets consist of wind, solar, geothermal and waste heat recovery facilities and are located in Canada primarily in the provinces of Alberta, Ontario and Quebec, and in the United States primarily in Colorado, Texas, Indiana and West Virginia. Energy Services undertake physical commodity marketing activity and logistical services, and oversee refinery supply services.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.